The Urban Redevelopment Authority (URA) has initiated the tender process for two residential sites located at Canberra Crescent and De Souza Avenue. These land parcels are part of the confirmed list sites under the government land sales programme (GLS) for the first half of 2024, as announced by the URA on April 16. The Canberra […]
The following report provides an analysis of the top-selling private condominium projects in Q1 2024 based on key metrics such as tenure, district, average price per square foot (PSF), and sales volume. Understanding these trends can offer insights into the dynamics of the real estate market in Singapore during the first quarter of 2024. Key […]
The Upper Thomson area’s latest state tender closure witnessed developers exercising caution, resulting in only one bid being submitted. The joint venture between GuocoLand and Hong Leong Holdings clinched the site with an offer of approximately S$780 million or S$904.60 per square foot per plot ratio (psf ppr), falling just below pre-tender expectations. Consultants had […]
OCBC, in a statement released on Wednesday (Apr 3), confirmed its exploration of the redevelopment of its renowned Chulia Street property, as reported earlier by Business Times. Emily Teo, head of group property management at OCBC, affirmed the bank’s intent to rejuvenate a strategic area in the central business district through the redevelopment of 63, […]
Deputy Prime Minister (DPM) Lawrence Wong revealed in a written response in Parliament on Tuesday (Apr 2) that a total of 44 residential projects facing a critical sales deadline within the period of 2021 to 2023 have been granted an extension to their timelines. These 44 projects make up 12 per cent of the housing […]
According to CBRE on Tuesday (Mar 26), although transaction volumes for luxury apartments and Good Class Bungalows (GCBs) experienced a decline in the second half of 2023, prices in these segments remained stable. In the latter half of 2023, there were nine GCB transactions totaling S$202.05 million, marking a 64.9 per cent decrease from the […]
Resale volumes and prices in the condominium market saw a modest improvement in February, albeit against the backdrop of the Chinese New Year holiday season, according to flash data from SRX and 99.co released on Tuesday (Mar 26). Resale volumes saw a slight uptick of 1.2 per cent month-on-month, with 760 units resold after a […]
A consortium consisting of CapitaLand Development, City Developments, Frasers Property, Mitsubishi Estate, and Mitsui Fudosan (Asia) has submitted two bids, each with different concept proposals, for the master-developer site located in Jurong Lake District (JLD). Comprising a 25 per cent stake from each of the first three parties and a 12.5 per cent stake from […]
Lentor Mansion Achieves 75% Sales Over Launch Weekend GuocoLand’s latest luxury residential project, Lentor Mansion, saw impressive sales figures during its launch weekend, with 75% of its 533 units snapped up. Over the course of March 15 and 16, the developer sold 400 units, ranging from $2,104 to $2,478 per square foot (psf), including VIP […]
Private-sector economists have slightly revised their projections for Singapore’s economic growth in 2024, while also adjusting their expectations for inflation downward, according to the latest quarterly survey released by the Monetary Authority of Singapore (MAS) on Wednesday (Mar 13). The survey indicates a median forecast of 2.4% growth for 2024, a marginal increase from the […]
